Watch List notes:

Banque de Syrie et du Grand-Liban, Syria issue with Lebanon 1939 overprint, 100 livres, 1939 (old date 1935), serial number P 117606, purple and pink and pale blue, the Bank head office on quayside at centre, value at centre and low left and right SYRIE in top margin and handstamp LIBAN 1939 top centre, Berard and Laferriere signatures, pink-red chevron across face of note, reverse purple and pale orange, view of Antioch at centre, value in field, pink chevron across face of the note, (Pick unlisted, Kolsky unlisted, Ayoub unlisted, Djaroueh unlisted), in PMG holder, 58 EPQ Choice About Uncirculated, the cataloguer can find no traces of this note in any previous auctions, this type for Lebanon much rarer than the SYRIE 1939 overprint.

Estimate: £6,000 - £8,000